Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
Total net profits of companies listed on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) recorded year-on-year growth of 41.8% and 4.9%, respectively, in the second quarter of 2026, according to data from Kamco Invest.
Total profits of ADX-listed companies reached $14.7 billion in Q2 2026, compared with $10.3 billion in Q2 2025. Profits of DFM-listed companies rose to $6.9 billion from $6.5 billion over the same period.
Aggregate net profits of ADX-listed companies increased by 29.8% to $25.2 billion in the first half of 2026, compared with $19.4 billion in the corresponding period last year.
The banking sector reported aggregate net earnings of $3.5 billion in the second quarter, up 12.1% from $3.2 billion a year earlier. The increase amounted to $380.8 million, with all listed banks recording earnings growth.
First Abu Dhabi Bank (FAB) posted the largest profit among ADX-listed banks, with its second-quarter net earnings rising 3.8% to $1.6 billion from $1.5 billion. Its first-half profit edged up 0.9% to $2.92 billion from $2.89 billion.
Abu Dhabi Commercial Bank recorded the sector’s second-largest profit at $919.1 million in the second quarter, compared with $699.2 million a year earlier.
The food, beverage, and tobacco sector recorded the second-largest earnings on the exchange, with total profit growing 226.1% to $3.5 billion from $1.1 billion, more than tripling sector earnings. First-half earnings from the sector rose 227.4% to $4.9 billion from $1.5 billion.
Most of the growth came from International Holding Company, whose first-half net profit climbed to $4.87 billion from $1.48 billion. Kamco Invest attributed the increase mainly to strategic non-operating income, including a one-off gain from investment disposals and the acquisition of subsidiaries.
The capital goods sector posted the third-largest aggregate profit, rising 170% to $2.5 billion in the second quarter from $900 million a year earlier.
First-half earnings increased 227.7% to $3.7 billion from $1.1 billion. The sector’s performance was largely driven by Two Point Zero Group, whose first-half profit rose to $1.93 billion from $173.2 million. The company reported a second-quarter profit of $1.4 billion.
The energy sector’s profit declined to $1.6 billion from $2.3 billion, while telecom earnings slipped to $800 million from $900 million. Real estate profits remained unchanged at $600 million.
The transportation, materials and retailing sectors reported increases in quarterly profits to $600 million, $400 million and $400 million, respectively.
Total revenue generated by ADX-listed companies rose 14% year on year and 5.1% from the previous quarter to $67.8 billion.
For DFM-listed companies, aggregate first-half net profits increased by 8.5% to $13.7 billion from $12.6 billion. Nine of the exchange’s 13 sectors reported year-on-year profit growth in the second quarter, while four recorded declines.
Banks and real estate companies together accounted for 75.9% of the total profits reported by DFM-listed companies during the quarter.
The banking sector’s aggregate second-quarter profit grew 5.1% to $3.3 billion from $3.2 billion. Its first-half earnings increased 3% to $6.5 billion from $6.4 billion.
Mashreq recorded a 16.2% increase in first-half net profit to $1.1 billion, supported by higher non-interest income from its upgraded global markets platform.
Emirates NBD’s first-half profit rose 2.8% to $3.5 billion from $3.4 billion. Its total income reached $7.6 billion, supported by its regional operations and the consolidation of India’s RBL Bank, which helped lift the group’s total assets above $354 billion.
Net profits from the real estate sector increased 20.1% to $1.9 billion in the second quarter from $1.6 billion. First-half earnings rose 29.5% to $4.2 billion from $3.2 billion.
Emaar Properties reported the sector’s largest second-quarter profit at $1 billion, compared with $920 million a year earlier. Its property sales reached $7.2 billion, while its revenue backlog stood at $44.9 billion.
Emaar Development posted first-half net earnings of $1.5 billion, up from $1 billion, while Tecom Group’s profit increased by 9.1% to $219.1 million.
The telecom sector’s second-quarter earnings grew 9.8% to $217.2 million from $198 million. Its first-half profit rose 12.6% to $444.3 million from $394.6 million.
Total revenue of DFM-listed companies increased 14.1% year on year and 4.6% from the preceding quarter to $28.7 billion.
